enCore Energy Corp. announced the completion of an upsized $115 million offering of Convertible Senior Notes due 2030.
The offering included an upsized amount of $100 million along with the full exercise of a $15 million option granted to initial purchasers.
The initial conversion rate for the Convertible Notes is 303.9976 common shares per $1,000 principal amount of notes.
Offering Details
$115 million aggregate principal amount of 5.50% Convertible Senior Notes due 2030.
Conversion Rate
Initial conversion rate of 303.9976 common shares per $1,000 principal with a conversion price of $3.2895 per common share.
Net Proceeds
Approximately $109.8 million net proceeds after deducting discounts and expenses.
- The completion of the offering provides enCore Energy Corp. with significant funds for future corporate purposes and projects.
- The initial conversion rate and offering terms indicate investor confidence in enCore's financial prospects.
- The Company's commitment to clean energy and uranium extraction technology reflects a focus on sustainable practices.
enCore Energy Corp.'s successful completion of the upsized offering demonstrates strong investor interest and confidence in the Company's future growth and sustainability initiatives.